The Global Artificial Intelligence (AI) in Education Market is forecast
to grow from USD 537.3 Million in 2018 to USD 3,683.5 Million by 2023,
at a Compound Annual Growth Rate (CAGR) of 47% during the forecast
period.

The increasing adoption of the AI technology for various applications in
the education sector and growing need for multilingual translators
integrated with the AI technology are expected to drive the growth of
the AI in education market.

The slow digitization rate is affecting the adoption of the AI
technology in the emerging economies, as the deployment of AI-enabled
solutions require IT infrastructures to generate accurate results. This
factor may restrain the growth of the AI in education market.

Segment Highlights

Among technologies, the Natural Language Processing (NLP) technology
segment is expected to grow at a higher CAGR during the forecast period.

The component segment is further segmented into solutions and services.
The services segment is expected to grow at a higher CAGR during the
forecast period. Among services, the professional services segment is
expected to have the larger market size during the forecast period, as
these services play a crucial role in providing the detailed analysis of
clients' requirements.

The virtual facilitators and learning environments application segment
is expected to have the largest market size and grow at the highest CACR
during the forecast period.

Based on end-users, the educational institutes segment is expected to
have the largest market size and grow at a higher CAGR during the
forecast period.

Among deployment modes, the cloud deployment mode is expected to grow at
a higher CAGR during the forecast period.

North America is expected to have the largest market size in the AI in
education market, while Asia Pacific (APAC) is expected to grow at the
highest CAGR during the forecast period.